Daily Journal of Commerce Condo Special
The Daily Journal of Commerce just released a condominium special covering a number of topics from conversions, space, market forecasts to ventilation. The DJC is subscription-based but the special report should be available without a subscription. The articles were written by the principals of condo marketing firms, developers and an architectural firm and there is…
More Market Info – NWMLS March Update
The NWMLS March update press release is out and it does confirm a strong start for the year, especially for the condo market. Figures for February show system-wide gains in both pending sales (offers made and accepted, but not yet closed) and sales prices compared to a year ago. Results were mixed among the 19…
Smith Tower Condo Review Meeting
On the agenda for the March 7th Pioneer Square Preservation Board meeting will be a review of the plan to convert Smith Tower into condos. The proposal calls for reclassification of the building to allow for retail on the ground floor and 150 condo units above. Where: Seattle City Hall, 600 4th Ave – Boards…
February Condo Market Update
February rebounded from a slow January start with condos in Seattle’s core neighborhoods realizing healthy increases, based on median sold prices. Though, average sold prices did take a tumble. While I didn’t include it in the chart, the number of closed sales increased in February compared to January. Source: NWMLS, Information deemed accurate but not…
Friday Odds and Ends
CityView Condos Price Adjustment CityView recently reduced prices on available units, upwards of $25,000 on 1 bedroom units, bringing price per square feet between $350 to $410. Two bedrooms reflected a $10,000 reduction. This was anticipated and when taking into consideration current market conditions as well as the nicer finishes, unit size, age of building…
Land Use Updates
From the city’s Department of Planning and Development: Greenlake – Supplemental Design Review Meeting for the old Albertson’s lot. The proposal is for a 4 story building with 137 units, 11 work/live lofts and retail space. March 19th at 6:30 PM at the University Heights Community Center, 5031 University Ave NE Room 209. Update: The…
The Greenlake Condos
As there has been quite a bit of interest with the Florera project in the Green Lake neighborhood, I thought I’d review the last major development built in the area – The Greenlake Condominium. Constructed in 2004, The Greenlake is situated right across the street from Florera on NE 70st & Woodlawn Ave NE (map).…
Florera Greenlake Condos
Not far from Seattle’s most active park sits Florera Greenlake (website will be updated shortly) the newest condominium project in the Green Lake neighborhood. Developed by Pryde+Johnson, Florera is a green constructed building featuring finishes made from sustainable resources and is targeting LEED Silver certification. The project is located at the corner NE 70th and…
Veer Lofts Purchase Opportunity Update
Vulcan will be making the remaining units from the Veer Lofts lottery available to the public beginning Sunday, February 25th at 2:00 PM. A 5% earnest money deposit and a valid photo ID will be required to purchase a unit.
Smith Tower Condos?
The Seattle Times is reporting the new owners of Seattle’s venerable Smith Tower has designs on converting it to condos. Chicago-based Walton Street Capital filed papers with the city Wednesday to begin what could be a months-long process of getting approval to redo the tower as housing. Some people seem to think it may be…
